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Short Term Rental Property Management Agreement
"I need a Short Term Rental Property Management Agreement for my luxury beach house in Mount Maunganui, New Zealand, which will be exclusively managed through Airbnb and Booking.com, with specific provisions for peak season pricing and professional cleaning services between guests."
1. Parties: Identification of the property owner (Principal) and the property management company (Agent), including full legal names, addresses, and contact details
2. Background: Brief context explaining the purpose of the agreement and the property management arrangement
3. Definitions: Clear definitions of key terms used throughout the agreement
4. Appointment and Term: Formal appointment of the property manager, specification of the term length, and renewal provisions
5. Property Manager's Services: Detailed outline of core services to be provided, including marketing, tenant screening, rent collection, and maintenance coordination
6. Property Owner's Obligations: Key responsibilities of the property owner, including maintaining insurance, providing documentation, and funding requirements
7. Fees and Commissions: Detailed breakdown of management fees, commission structures, and payment terms
8. Financial Management: Procedures for rent collection, trust account management, and financial reporting
9. Maintenance and Repairs: Procedures for routine maintenance, emergency repairs, and spending authorization limits
10. Marketing and Letting: Requirements for advertising, pricing strategy, and tenant selection process
11. Termination: Conditions and procedures for terminating the agreement by either party
12. Liability and Indemnity: Scope of liability and indemnification provisions for both parties
13. Dispute Resolution: Process for resolving disputes between parties
14. General Provisions: Standard contract clauses including governing law, notices, and assignment rights
1. Multiple Property Management: Additional terms for managing multiple properties under the same agreement
2. Special Property Features: Specific management requirements for unique property features like pools, gyms, or shared facilities
3. Body Corporate Coordination: Terms for properties subject to body corporate rules and coordination requirements
4. Furnished Property Provisions: Additional terms for managing furnished properties, including inventory management
5. Holiday Let Provisions: Specific terms for properties primarily used for holiday lettings
6. Online Booking Platform Management: Terms for managing listings on platforms like Airbnb or Booking.com
7. Insurance Claims Management: Procedures for managing insurance claims and liaison with insurers
8. Property Development Coordination: Terms for managing properties undergoing renovation or development
1. Schedule 1: Property Details: Detailed description of the property, including address, features, and specific management requirements
2. Schedule 2: Fee Schedule: Comprehensive breakdown of all fees, charges, and commission structures
3. Schedule 3: Maintenance Contractor List: Approved contractors and service providers for property maintenance
4. Schedule 4: Property Manager's Authority Limits: Specific monetary and decision-making authority limits for the property manager
5. Schedule 5: Reporting Requirements: Details of required reports, their frequency, and content
6. Appendix A: Property Condition Report: Detailed documentation of the property's condition at the start of the management agreement
7. Appendix B: Insurance Certificates: Copies of relevant insurance policies and certificates
8. Appendix C: Property Compliance Certificates: Copies of building, safety, and other compliance certificates
Authors
Agent
Principal
Property
Services
Term
Commencement Date
Termination Date
Management Fee
Booking Fee
Commission
Operating Account
Trust Account
Maintenance Reserve
Emergency Repairs
Routine Maintenance
Booking Platforms
Guest
Short-term Rental
Holiday Let
Minimum Stay
Maximum Stay
Booking Period
Check-in Time
Check-out Time
Cleaning Fee
Bond
Security Deposit
House Rules
Occupancy Limit
Marketing Material
Listing
Revenue
Gross Rental Income
Net Rental Income
Operating Expenses
Force Majeure Event
Business Day
GST
Confidential Information
Intellectual Property
Insurance Requirements
Property Condition Report
Maintenance Contractor
Emergency Contact
Authority Limits
Booking Confirmation
Cancellation Policy
Payment Terms
Reporting Period
Service Level Standards
Key Performance Indicators
Term and Renewal
Services
Authority and Agency
Fees and Commissions
Property Management Obligations
Owner Obligations
Financial Management
Marketing and Advertising
Booking Management
Maintenance and Repairs
Insurance
Health and Safety
Compliance
Reporting
Confidentiality
Data Protection
Intellectual Property
Liability and Indemnification
Force Majeure
Termination
Dispute Resolution
Assignment
Notices
Governing Law
Entire Agreement
Severability
Variation
Waiver
Force Majeure
Real Estate
Property Management
Tourism and Hospitality
Short-term Rentals
Property Investment
Holiday Accommodation
Residential Property
Professional Services
Legal
Property Management
Operations
Finance
Marketing
Business Development
Client Relations
Compliance
Facilities Management
Guest Services
Property Manager
Real Estate Agent
Property Owner
Property Investment Manager
Operations Manager
Facilities Manager
Short-term Rental Coordinator
Holiday Let Manager
Legal Counsel
Compliance Officer
Finance Manager
Marketing Manager
Business Development Manager
Client Relationship Manager
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